Personal Lending

For the homeowner who has missed a few mortgage payments the foreclosure process can start very quickly. During this stressful time it is critical you promptly take action to stop the foreclosure process and try to save or sell your home. Keep in mind that no one will help unless you ask. So, if you [...]

This is Part 2 of my article on the “Secrets to Stop Foreclosure.” In Part 1, I discussed the secrets of how to communicate with your lender and how to find the appropriate person at the lender’s office. In this article, I’ll discuss the secrets of finding someone with authority at your lender’s office, getting [...]

In today’s market, foreclosures are on the rise. We see reports in the news daily about the rising rates of foreclosures across the country. According to Bloomberg, Fannie Mae Chief Executive Officer Daniel Mudd said “the housing slump will last beyond next year, dragging down home prices and increasing credit losses. We don’t think we [...]

The signs are apparent for any homeowner. Home foreclosure is right around the corner if you’ve fallen behind on repayment of loan and the house is serving as collateral. However there are tools available for these situations. Anyone who is facing the threat of home foreclosure needs loss mitigation services or the short sale option [...]

Determining the best way to stop foreclosure depends on the specifics of your situation.
Various factors like the amount of equity in your home, your monthly payments, your current financial circumstances, what your monthly income is, and how far behind you are on your mortgage play a huge role in coming to an educated decision on [...]

Many companies understand the distress than a property owner can face when they are losing their home to foreclosure. A quick search online will reveal the leading companies that are offering help to those who may be facing this terrible situation. This article will look at some possible solutions to your needs.
If you want a [...]

Possibly the most overlooked way to stop foreclosure is for a friend or family member to purchase the property that is being foreclosed and allow the original homeowners to remain living there, and this is a much better option than the tried-and-true “beg, borrow, or steal” alternative. In essence, this can follow the same process [...]

Faced with the threat of a foreclosure on their home, with all the weight of the mortgage industry and its army of attorneys against them, the average homeowner might feel like David facing Goliath.
But David defeated Goliath !
David had a sling and some pebbles.
You have an armory of tactics and options which can enable you [...]

What is loss mitigation?
You can be sure that there are a lot of people who do not have the faintest idea what this expression means. For that matter, there are a lot of terms in the finance field that are rarely used by most people in everyday conversation.
If you are now facing a home foreclosure, [...]